Analyst AI 5 Major Moves... Memory Strength, Apple & Cisco Downgrades

1. 1This week's AI-related analyst ratings showed strength in memory stocks, while Apple (AAPL) and Cisco (CSCO) were downgraded.
2. 2Jefferies downgraded Apple to Underperform from Hold with a $263.66 target, and HSBC cut Cisco to Hold from Buy with a $120 target.
3. 3The downgrades reflect the cancelled full-screen iPhone and lack of catalysts, while KB Securities and New Street flagged strength in Samsung, SK Hynix, and Micron.

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